Homebuying competition falls to lowest level in 2 years

Posted on AllSides August 15th, 2022
From The Right
Stephen Brashear/Getty Images for Redfin

Competition for homes across the nation is easing to levels not seen since the early days of the coronavirus pandemic, according to a recent Redfin report.  

In July, 44.3% of home offers from Redfin agents faced competition nationwide, down from 50.9% in June and 63.8% last July, according to a real estate brokerage. 

The typical home last month saw 3.5 offers – down from 4.1 offers in June and 5.3 offers last July, according to the data. 

July marked the sixth consecutive month that bidding wars eased. It also had...

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